The Company is seeking shareholder approval to issue up to 4,021,2602023 Share Rights, entitling Mr Devaney (or his nominee) to a maximumof 4,021,260 Shares if all 2023 Share Rights subsequently vest. The numberof 2023 Share Rights (rounded down to the nearest whole number) wasdetermined by reference to the 2023 EIP award to Mr Devaneycomprising of the two-thirds long term component of the 2023 EIPequating to $235,646 divided by $0.0586 (being the Company’s volumeweighted average share price for the 20 trading days immediatelyfollowing the release of the Company’s Quarterly Activity Statement forthe performance period ending 30 June 2023). The Share Rights to beissued to Mr Devaney (or his nominee) will be under existing class ASXCode CTPAA
14(c) The Remuneration Report, in the 2023 CTP Annual Report, sets out detailsof Mr Devaney’s current remuneration. The framework of Mr Devaney’stotal current remuneration comprisesi) Total Annual Fixed Remuneration (includes compulsorysuperannuation contributions) (TFR) of $681,849; and
So they want approval to give another $235,646 worth of sh, although the m/c has continued to go south.
CTP Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
i) Total Annual Fixed Remuneration (includes compulsorysuperannuation contributions) (TFR) of $681,849; and
